COLUMBIA, S.C. (AP) - A Virginia power company says if South Carolina lawmakers pass a bill removing the monthly charge for two nuclear plants that will not be built then it will likely withdraw a merger offer.
Dominion Energy CEO Tom Farrell says the company’s offer to return up to $1,000 to SCANA customers and promise not to raise rates for three years is fair. Dominion is trying to buy the South Carolina utility.
State senators started debating a proposal Wednesday that would remove the $37 million a month SCANA subsidiary South Carolina Electric & Gas charges for the nuclear plants that were abandoned last summer after 10 years of planning and construction. The bill has passed the House.
People were interested in these podcasts
SCE&G customers have paid about $2 billion for the unfinished reactors.
Please read our comment policy before commenting.